- Flame Proof
- Explosion Proof
Industrial Hazardous Cable Glands Market size was valued at USD 2,102.7 million in 2021, growing at a significant CAGR of 6.1% over 2022â€“2028. The market for cable management systems is expanding, a significant factor boosting demand for cable glands. The need for effective cable management systems is growing along with the growth of the physical infrastructure. Additionally, as the telecom industry develops, cable glands are now becoming crucial to connecting the cables that transport data. An increase also aids the market's expansion in construction activity on a global scale. Most rising nations are investing significantly in infrastructure expansion to improve economic circumstances. Thus, the building and remodeling public and private facilities have also fueled the need for cable glands by increasing the requirement for safe cable connections. Furthermore, the automobile market is expected to rise due to the increasing production of vehicles and the popularity of electric cars. Due to these considerations, the industrial and process sectors are also driving up demand for cable glands. The market under study has a tremendous possibility to expand due to the rising development of smart grids and the expanding oil and gas exploration. The ongoing demand for energy and power in industrialized and developing (or undeveloped) nations presents a sizable market development opportunity. Several developing countries, including Romania, Bulgaria, Laos, and others, need investment to expand their industrial sectors. The economic development of the concerned nation will be aided by financing in such developing regions. Investments in these underdeveloped areas to broaden their economic sectors will likely present profitable opportunities for the overall market. Within the next 20 years, this is estimated that the world's energy consumption will rise by 48% due to the rapid increase in population. Currently, fossil fuels provide 80% of the world's energy needs, but, in the not-too-distant future, this percentage will primarily shift to renewable sources. Manufacturing companies for cable glands will benefit significantly from this. Recent Market Developments: In February 2021, CMP Products Ltd has achieved approval to South African National Standard (SANS) 60079 for its range of hazardous area cable glands and accessories. The accreditation will boost the companyâ€™s growth across South Africa and the wider African continent, providing choice and access to products directly from Johannesburg. In February 2020, Jacob GMBH introduced the new PERFECT AirVent cable gland that protects hermetically sealed electro-technical and electronic enclosures from condensation. It has a PTFE membrane that ensures continuous ventilation and adaptation of the inner pressure.
Fastest Growing Market
The growing market for cable management systems is driving the need for cable glands. With the expansion of the physical infrastructure, there is an increasing need for adequate cable management solutions. Additionally, as the telecommunications sector expands, cable glands are increasingly crucial to connect data-transfer cables. The expanding construction industry and increased energy consumption generated a massive need for more efficient cabling infrastructure. Furthermore, due to the expanding IT and telecommunications sectors, demand for cable handling equipment is expected to remain strong in the upcoming years. Moreover, globally, producers of cable management systems are putting their efforts into making better, safer, and easier-to-install products. The market for cable management systems is anticipated to grow gradually in the following years. The availability of coaxial and fiber optic connections, along with the speed at which the world is going digital, has raised the need for creative cable management system solutions. On the other hand, Volatile raw material costs and a significant degree of market fragmentation restrain the market growth.
The industrial hazardous cable glands market growing at a CAGR of 6.1% during 2022
El Sewedy Electric Company SAE, Emerson Electric Co., Hummel AG, Jacob GmbH, Weidmüller, Hubbell Group
North America is the fastest-growing region for industrial hazardous cable glands market